Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Causeway Capital Management LLC

Causeway Capital Management LLC lifted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 33.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,929,604 shares of the technology company's stock after acquiring an additional 487,823 shares during the quarter. Check Point Software Technologies comprises approximately 8.2% of Causeway Capital Management LLC's holdings, making the stock its 2nd biggest holding. Causeway Capital Management LLC owned approximately 1.75% of Check Point Software Technologies worth $360,257,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Gitterman Wealth Management LLC boosted its position in shares of Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock worth $286,000 after buying an additional 48 shares during the period. Argonautica Private Wealth Management Inc. boosted its holdings in Check Point Software Technologies by 0.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock worth $1,121,000 after acquiring an additional 56 shares during the period. Regatta Capital Group LLC grew its position in Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock valued at $229,000 after acquiring an additional 57 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Check Point Software Technologies by 3.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock valued at $353,000 after purchasing an additional 57 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock traded up $0.02 during trading on Friday, hitting $214.96. The stock had a trading volume of 824,648 shares, compared to its average volume of 767,669. The business has a fifty day moving average of $221.71 and a two-hundred day moving average of $201.50. The firm has a market cap of $23.64 billion, a P/E ratio of 28.78, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $234.36.

Analyst Ratings Changes

A number of brokerages have commented on CHKP. Baird R W upgraded shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Morgan Stanley decreased their price target on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Guggenheim reiterated a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Finally, Mizuho raised their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Fifteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $235.50.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.